Title Page Background

Low Mortgage Rates Met With Blank Stares

More evidence is out on Wednesday that the pool of homeowners who can refinance under today’s more stringent lending standards has been exhausted: Mortgage rates have hovered close to their lowest levels in decades, and yet refinance demand fell last week from the previous week. Demand for home-purchase mortgages also continued to fall last week, according to the weekly application survey from the Mortgage Bankers Association. That means there have now been five straight weeks of declining demand for purchase mortgages, which have fallen to their lowest level since February 1997.

Link to the rest of the article: http://tiny.cc/o36jt

Advertise With Us

Advertise With Us
Apply to be the Exclusive Foreclosure Expert in your Region... Learn More!

USHUD.com on the Go!

Foreclosure Mobile App
Ushud Foreclosure iPhone App
Ushud Foreclosure Android App

5 Most Expensive Mistakes (subpage sidebar)

Top 5 Mistakes

Follow Us

Facebook Icon Youtube Icon Twitter Icon Mimian Icon
AddThis Social Bookmark Button